Hyperion buys Windsor
Hyperion Insurance Group has announced its acquisition of Windsor Limited from the management and employees and their institutional backer Hutton Collins Partners LLP.
David Howden, chief executive officer at Hyperion, said that he was delighted to have received regulatory approval and that the time frame between exchange and completion of the deal had been so brief.
“There has been an enormous amount of hard work done in preparing the application to the regulators and meeting their criteria, and that hard work now means we can expedite the process of integrating the businesses. I would also add that we found the regulators to be constructive throughout the application process,” he said.
John Bennett, chief executive officer at Windsor, will lead the combined London broking business, reporting to Tim Coles, chief executive officer of Howden Broking Group.
“The focus is now sharply on integration. We are working to bring the businesses together as effectively as possible, to ensure that our clients are receiving the benefits of our combined product portfolio and global distribution network, and that our front and back office operations are aligned. There is much to be done, but the complementary capabilities and cultures mean that we are on the front foot and working together already,” said Bennett.
